Are you wondering what affects your payout when you trade in cash for gold? If so then you should know there is one major factor that can determine if you get a fair price for your trade of gold or not. This is refineries.

So you are wondering now why refineries have such a major affect. The main reasons this drastically affects your payout is because a company with their own refinery has less expense and a company without their own has more expense. When a company has less expenses they can pay you more. When a company has more expenses and is considered a middle man then they need to pay you less to cover these added expenses. This can result in your getting up to three times more money for your gold. So you need to be sure that you keep this in mind.

There are other things that affect your payout also. One of these is the current price of gold. If the current price of gold is high then you will get a high payout from these companies then when the price of gold is low. So you might want to be sure that you are keeping an eye on the gold prices. Right now the gold price is the highest it has been in a long time. Over the past year the price of gold has continued to rise, this has been a great benefit for those looking to trade their gold in.

Being able to trade in cash for gold is a great thing and a quick and easy way to make some extra cash. However, you want to be sure that you aren’t getting robbed while you are doing so. This is why keeping the above mentioned things in mind is so very important.

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